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Working Paper
The Economic Status of People with Disabilities and their Families since the Great Recession
Lofton, Olivia; Valletta, Robert G.; Daly, Mary C.; Bengali, Leila (2021-02-25)
People with disabilities face substantial barriers to sustained employment and stable, adequateincome. We assess how they and their families fared during the long economic expansion thatfollowed the Great Recession of 2007-09, using data from the monthly Current PopulationSurvey (CPS) and the March CPS annual income supplement. We find that the expansionbolstered the well-being of people with disabilities and in particular their relative labor marketengagement. We also find that applications and awards for federal disability benefits fell duringthe expansion. On balance, our results suggest ...
Working Paper Series , Paper 2021-05

Journal Article
East Asia's impact on Twelfth District exports
Valletta, Robert G. (1998)
FRBSF Economic Letter

Journal Article
Unemployment: Lower for Longer?
Petrosky-Nadeau, Nicolas; Valletta, Robert G. (2019)
Unemployment is running near its 50-year low, but inflation has not picked up as expected. This suggests that the unemployment rate consistent with stable inflation has fallen. Combining a conventional Phillips curve tradeoff between unemployment and inflation with a noninflationary unemployment rate that can change over time shows that estimates of this unemployment threshold have declined toward 4% in recent years. One possible reason for this decline is improvements in how job matches are made, reflected in unusually favorable job-finding rates for disadvantaged groups.
FRBSF Economic Letter

Journal Article
Health insurance costs and declining coverage
Buchmueller, Thomas C.; Valletta, Robert G. (2006)
The share of health-care spending in GDP has been rising rapidly in the United States and other advanced industrial countries since at least 1960. As Jones (2005) and others have argued, the rapid increase in the price of medical care likely is demand-driven to a large degree, reflecting the high value that consumers in wealthy countries assign to medical technologies that improve the quality of life and extend its duration. ; A potential flipside to rising health-care costs, however, is declining health-care coverage. As documented in a recent report from the U.S. Census Bureau (DeNavas-Walt ...
FRBSF Economic Letter

Working Paper
Enhanced Unemployment Insurance Benefits in the United States during COVID-19: Equity and Efficiency
Valletta, Robert G.; Yilma, Mary (2024-05-06)
We assess the effects of the historically unprecedented expansion of U.S. unemployment insurance (UI) payments during the COVID-19 pandemic. The adverse economic impacts of the pandemic, notably the pattern of job losses and earnings reductions, were disproportionately born by lower-income individuals. Focusing on household income as a broad measure of well-being, we document that UI payments almost completely offset the increase in household income inequality that otherwise would have occurred in 2020 and 2021. We also examine the impacts of the $600 increase in weekly UI benefit payments, ...
Working Paper Series , Paper 2024-15

Journal Article
On the move: California employment law and high-tech development
Valletta, Robert G. (2002)
FRBSF Economic Letter

Journal Article
Health insurance and the U.S. labor market
Buchmueller, Thomas C.; Valletta, Robert G. (1998)
FRBSF Economic Letter

Journal Article
Rising wage inequality in the U.S.
Valletta, Robert G. (1997)
FRBSF Economic Letter

Journal Article
Higher education, wages, and polarization
Valletta, Robert G. (2015)
The earnings gap between people with a college degree and those with no education beyond high school has been growing since the late 1970s. Since 2000, however, the gap has grown more for those who have earned a post-graduate degree as well. The divergence between workers with college degrees and those with graduate degrees may be one manifestation of rising labor market polarization, which benefits those earning the highest and the lowest wages relatively more than those in the middle of the wage distribution.
FRBSF Economic Letter

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